General Electric Co.'s cost-cutting plan is claiming a high-profile victim: the company's corporate-jet fleet.Under new Chief Executive Officer John Flannery, the manufacturer is turning the page on an era when it would hand top bosses the keys to its private aircraft. Starting Wednesday, flights will be scaled back and replaced as needed by charter services, the Boston-based company said in an emailed statement. GE intends to sell the jets, it said without providing fleet details. Continue reading...
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